Bezos faces backlash for telling Americans not to spend on ‘big-ticket items’ as Amazon readies for Black Friday deals
Billionaire Amazon founder Jeff Bezos is facing backlash after he advised Americans struggling with inflation to consider not making large purchases, like homes and cars, due to the looming potential for an economic downturn in the coming months.
During an interview with CNN Business, Mr Bezos advised Americans to stash away some money to avoid potential pain heading into 2023 if economic conditions worsen.
“Take some risk off the table. Just a little bit of risk reduction could make the difference," he said. "If you’re thinking about buying a large screen TV, maybe slow that down, keep that cash, see what happens." He also advised against buying new cars, appliances and homes.
Last month Mr Bezos suggested that Americans prepare to "batten down the hatches" ahead of the possible downturn, but his advice did not sit well with everyone.
Phoebe Wall Howard of The Detroit Free Press pointed out that the "auto industry, one of our nation’s key economic drivers, has struggled with supply chain hell for 3 years.’
"Jeff Bezos told CNN 11/15 people should hold off buying cars. Note: Amazon specialises in auto campaigns, which have included Ford, Toyota, VW, Nissan," she wrote.
https://www.yahoo.com/lifestyle/bezos-f ... 21297.html
Bezos Giving Spending Advice, That May Surprse You
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Bezos Giving Spending Advice, That May Surprse You
KARMA RULES
Those Who Can Make You Believe Absurdities, Can Make You Commit Atrocities': Voltaire
Those Who Can Make You Believe Absurdities, Can Make You Commit Atrocities': Voltaire
Re: Bezos Giving Spending Advice, That May Surprse You
Bezos is not one to play against the statas quo. Does he sense the of capitalism? He knows you won't have enough money to buy a tinker toy, when Capitalism is GONE! You may think Capitalism and FREEDOM, Are Non-Essentuals you would be very wrong!
KARMA RULES
Those Who Can Make You Believe Absurdities, Can Make You Commit Atrocities': Voltaire
Those Who Can Make You Believe Absurdities, Can Make You Commit Atrocities': Voltaire